fallacy of liquidity - cer vs cnp, page-13

If I have this right, according to:

http://www.asic.gov.au/asic/pdflib.nsf/LookupByFileName/rg196.pdf/$file/rg196.pdf

The only times you do not need to report a short sale are under the odd lot exceptions s1020B(4)(a), and when you have made prior purchasing arrangements under exception s1020B(4)(c).

‘At the time of sale’, for the purposes of s1020B(2), is at the point of sale and not at the close of the trading day. A person who has a net no sale position at the
close of trading would still need to have a ‘presently exercisable and unconditional right to vest’ at the point in time when the sale is made (in addition to the times referred to at s1020B(7)).

I'm happy to be enlightened with some facts otherwise, but otherwise "Closed out positions are not being reported as long as it happens within a certain timeframe" would seem to be incorrect other than for illegal activities if it is happening. (Including I guess if you keep it all in the family, and promise Mum you'll buy them back for her later).

It seems to me there'll be nothing going on to move the market, but you never know when you'll see some idiot being lead away in handcuffs on the news I guess.

I will base all my decisions on "shorting ain't a prob" til after March 6th at the earliest. If short covering happens - I'm very happy anyway - I wish there was a considerable short position on CER.

Worry about shorting is fluff.